Do you need to pay tax on COVID-19 financial support payments that you receive?

There are a number of different schemes providing government help for individuals and businesses affected by the COVID-19 pandemic.

If you receive assistance (whether from the Commonwealth or a State or Territory government), you may be wondering if you need to pay tax on the assistance. Here is what the ATO website advises.

Read our complete September 2021 TaxWise Individual Newsletter here.

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